/ Discover the latest news of crypto market: Bitcoin returns in green, while Arweave, Bonk, and Pepecoin surging gains.
Author: Nilesh Hembade
Date: 03 May 2024, 09:31 AM IST
As the sun rises on Friday morning, the cryptocurrency market painted a refreshing picture of green, largely thanks to the resurgence of Bitcoin (BTC) over the past 24 hours. After hitting a low of $57,000, Bitcoin climbed back up to a current high of $59,799, injecting a dose of optimism into the market. This upward movement in Bitcoin’s price brings a rally among primary memecoins, with notable surges observed in popular tokens like Pepecoin, Bonk, and WIF.
However, amidst the excitement, it’s crucial to exercise caution. While Bitcoin is currently trading in the green, there’s a lingering possibility of a bull trap. Traders are advised to tread carefully, as the bitcoin price could still revisit the $52,000 support level.
Turning our attention to the top gainers of the day, Arweave (AR), Bonk (BONK), and Pepecoin (PEPE) emerged as the frontrunners, showcasing remarkable surges in their prices.
Current Prices of Bitcoin (BTC) and Ethereum (ETH):
Bitcoin (BTC) Price: Today, Bitcoin’s price has surged by 3.91% to reach $59,799 within the last 24 hours, with a market capitalization of $1.18 trillion.
Ethereum (ETH) Price: Ethereum is currently trading at $3,014, marking a 2.91% increase in the last 24 hours. Ethereum’s market cap stands at $361 billion.
Top Gainers:
- Arweave (AR): Arweave witnessed an impressive surge of 21.16%, pushing its price to $34.12 within the last 24 hours. The AR token now boasts a market capitalization of $2.24 billion.
- Bonk (BONK): Bonk experienced a substantial uptick of 18.62%, with its price reaching $0.00002628 over the past 24 hours. The market cap for Bonk stands at $1.7 billion.
- Pepecoin (PEPE): Pepecoin saw a notable increase of 16.53%, bringing its price to $0.0000079 within the last 24 hours. The PEPE coin’s market cap is now valued at $3.35 billion.
In summary, Bitcoin’s rebound injects positivity, and the performances of Arweave, Bonk, and Pepecoin making investors wealthy.
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